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ABFRL

ABFRL SWING LONG1. A major trend line breakout happend 6 weeks back, after that continuously in a strong uptrend. 2. On 2nd November it breaks its all time high of 281.35 and closed at 288.10 with a strong bullish candle of 6.23%. 3. Today stock pickups the momentum after the successful retest over the level of 281.25 Details : Buy range : 296-306 Stoploss : 275 Target : 396 ( fibonacci 1.618 level ), 30% . Short term targets are 331 ( 8.5% ) and 358 (17%). For mid to long term a good entry will be after a pullback , when it took a support over 20 EMA. Disclaimer : This analysis/strategy is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
NSE:ABFRLLong
by hjharsh
Aditya Birla Fashion: The fashion stock in makingABFRL is forming a bull flag with steady volumes. It has returned back to its long term rising channel which has been active since May 2020. Price is at a zone of significance and may show some sideways movement but its prepping to show and up move. Can be bought at CMP for a target of 224, 232 and 245. with a stoploss of 200. This is a good fashion stock anyone would want to have in his/her portfolio. Message me or comment for faster updates. I am not a financial advisor and this is for educational purposes only.
NSE:ABFRLLong
by daerontrading
Simple Trade Setup | ABFRL | 13-09-2021NSE:ABFRL Observations: 1)On Daily Time Frame: If we use FIB RETRACEMENT from recent swing then we can see that from 61.8% level it took support. This level of 212-213 range is a support zone now. Sustainable Breakout of 216 level make it bullish again and we can see Target of 227-228. Please refer below chart : Daily time frame. 2) On 15min time frame, we can see that it has consolidation zone between 213-216. Sustainable breakout of any side will give move on that side. Breakout of 216 will give upmove and breakdown of 213 level will give quick upmove. Please refer below chart : 15 time frame. ------------------------------------------ Trade Setup for Date 13-09-2021: 1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action. 2) Everything is mentioned on the chart. I hope it is easy to understand. 3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level. Please refer below chart for levels. Hope I made it easy to understand it. Do comment your doubt or suggestion.
NSE:ABFRL
by Trading_hawk